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Wages in 2024 are overseen by the Fair Work Commission on three levels of (1) a national minimum ($23.23 an hour in 2024), (2) higher "awards" with pay scales based on experience for 150 different sectors, and (3) enterprise agreements between unions and employers in 15% of workplaces. Second, "modern awards" are set by the Fair Work Commission.
As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019. [ 238 ] [ 239 ] [ 240 ] Local government minimum wages exist as well, the highest of which reach to $17.13 per hour.
The following list provides information relating to the minimum wages (gross) of countries in Europe. [1] [2]The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [3] Belgium (38 hours), [4] United Kingdom (38 hours), [3] Germany (38 hours), [5] Ireland (39 hours) [5] and Monaco (39 hours). [6]
The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. A close second is California, which is raising its minimum to $16 from $15.50 on January 1.
However, the city of Portland will increase its minimum wage to $13, $14 and then $15 at the beginning of 2022, 2023 and 2024, respectively. And that is not the only caveat to state minimum wage laws.
Monthly minimum gross wage Monthly net minimum wage Monthly gross minimum wage Hourly rate Effective per Foo 10 10 Belgium: €2029.88 [3] - €2029.88 €12.11 1 April 2024 Bulgaria: 1077 lev (minimum wage is fixed at an hourly rate) [4] €427.31 [5] €550.66 €3.45 [6] 1 January 2025 Croatia: €970.00 [7] €760.00 [8] €970.00 €6.06
Similar efforts have been successful in Houston, where in 2021 a minimum wage of $15 was set for all Houston municipal workers. This change passed in a 16-1 City Council vote. This change passed ...
The final budget outcomes for 2022–23 delivered a surplus of $22.1 billion (equivalent to 0.9% of Australia’s GDP), which was well above the government's forecasted surplus of $4.3 billion; this is Australia's first budget surplus in 15 years, and the largest ever Australian budget surplus. [11]